RF Interconnect Market Analysis 2024-2033: Share, Drivers, Growth

Overview and Scope

RF interconnect is a complete path component to connect a group of devices to transfer signals across great distances. It is employed in a variety of electronic products where signal transmission quality is crucial for utilizing high-speed digital transmissions

Sizing and Forecast

The rf interconnect market size has grown strongly in recent years. It will grow from $29.7 billion in 2023 to $32.39 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to increased adoption of smart devices, expansion of iot , miniaturization and integration trends, globalization of supply chains, rising data transfer needs.

The rf interconnect market size is expected to see strong growth in the next few years. It will grow to $45.31 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to 5g network expansion, emergence of new communication standards, rapid growth in edge computing, increasing connectivity in automotive sector, continued iot growth. Major trends in the forecast period include increasing demand for high-frequency applications, miniaturization and high-density interconnects, advancements in material technologies, rise of 5g technology, emphasis on signal integrity and reliability.

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Segmentation & Regional Insights

The rf interconnect market covered in this report is segmented –

1) By Type: RF Cable, RF Cable Assembly, RF Coaxial Adapter, RF Connector

2) By Frequency: Up to 6GHz, Up to 50 GHz, Above 50 GHz

3) By End-User: Construction, Aerospace And Défense, Oil And Gas, IT And Telecommunication, Consumer Electronics, Power Transmission And Distribution, Manufacturing, Automotive

Asia-Pacific was the largest region in the RF interconnect market in 2023. North America is expected to be the fastest-growing region in the RF interconnect market report during the forecast period. The regions covered in the rf interconnect market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

The increasing demand of telecommunications is significantly contributing to the growth of the RF interconnect market going forward. Telecommunication refers to the process of sending data electronically over great distances such as voice calls, data, text, photographs, and videos. Telecommunications companies employ RF interconnect systems to transmit and receive high-speed digital signals for delicate sensor modules. For instance, in 2021, according to telecom review Africa, a Lebanon-based magazine that published telecom-related news, as of 31 December 2020, there were 61.4 million active mobile subscribers, a 2.6% rise over the previous quarter. As a result, mobile (SIM) penetration increased by 3.3% points to 129.1% throughout the evaluation period. Therefore, increasing demand for RF cable assemblies in telecommunication drives the RF interconnect market.

Key Industry Players

Major companies operating in the market are introducing advancements in technology, such as thin film process technology, to sustain their position in the market. Thin film process technology involves depositing and patterning very thin layers of materials onto a substrate, commonly used in semiconductor and electronic device manufacturing. For example, in June 2022, Smiths Interconnect, a UK based leader in providing advanced electronic components, subsystems, optical, and radio frequency products, announced the launch of its Planar X Series of thin film bandpass filters designed for applications in harsh environments. Planar X Series provides system engineers with a high performance, compact solution for critical RF filtering in X-, Ku- and Ka-Bands. The new Planar X Series leverages thin film process technology on various substrates which are designed for mission critical applications. The small footprint, light weight and surface mountable configuration enable high volume pick and place applications and are ideal for radar, satcom and satellite industries.

The rf interconnect market report table of contents includes: